GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Trading 3.1% Higher – Here’s Why

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ)’s stock price rose 3.1% on Monday . The stock traded as high as $36.06 and last traded at $35.78. Approximately 92,402 shares traded hands during trading, a decline of 62% from the average daily volume of 245,398 shares. The stock had previously closed at $34.72.

GraniteShares 2x Long AMZN Daily ETF Trading Down 1.8%

The company has a market cap of $43.87 million, a P/E ratio of -572.79 and a beta of 3.44. The firm’s 50 day moving average price is $33.56 and its 200-day moving average price is $31.95.

Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF

Large investors have recently bought and sold shares of the business. Optiver Holding B.V. acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth $912,000. NewEdge Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at $694,000. Prosperity Wealth Management Inc. acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $763,000. Susquehanna International Group LLP bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth $332,000. Finally, Group One Trading LLC boosted its position in shares of GraniteShares 2x Long AMZN Daily ETF by 412.6% in the 3rd quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock worth $329,000 after purchasing an additional 8,909 shares during the last quarter.

About GraniteShares 2x Long AMZN Daily ETF

The GraniteShares 2x Long AMZN Daily ETF (AMZZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZZ was launched on Mar 4, 2024 and is issued by GraniteShares.